Home » Insurance » IRDAI Public Insurance Registry (PIR) ₹8,973.89 Crore Unclaimed Insurance: What IRDAI’s New PIR Proposal Really Means for You By Harsh Nath Jha | Published on September 2, 2026 Figure: IRDAI’s blueprint for the Public Insurance Registry (PIR) and interconnected insurance rails. ⚠️ Reality Check First: While headlines are buzzing with talk of a "₹9,000 Crore Windfall," let us be clear: this represents the ₹8,973.89 crore of cumulative unclaimed insurance funds sitting dormant across insurers as of February 28, 2026. The proposed Public Insurance Registry (PIR) is not an ATM to automatically dispense cash today—it is a groundbreaking regulatory architecture designed to ensure policies never get lost in the dark again. If you have ever cleaned out an old family cupboard,...
Home » Finance » IRDAI Public Insurance Registry (PIR) What Is IRDAI's Public Insurance Registry? How PIR Could Change Insurance in India India’s insurers had ₹8,973.89 crore in unclaimed insurance amounts as of 28 February 2026, underscoring the difficulty of reconnecting rightful policyholders, nominees and legal heirs with unpaid insurance proceeds. Across the country, policyholders navigate isolated digital silos when trying to manage health, life, and motor coverage across different providers. Overview of the proposed IRDAI Public Insurance Registry (PIR) framework designed to build unified digital public infrastructure for Indian insurance. To address information fragmentation and structural friction in the sector, the Insurance Regulatory and Development Authority of India (IRDAI) released a consultation...